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Eric Trump Shows Off Bitcoin Mining Operation, Claims Crypto Is More Tangible Than You Think

MarketDash Editorial Team
13 days ago
Eric Trump took viewers on a virtual tour of American Bitcoin Corp.'s Texas mining facility, showcasing 35,000 liquid-cooled servers and making bold claims about the operation's mining output that left some observers scratching their heads.

A Presidential Son's Mining Tour

American Bitcoin Corp. (ABTC) co-founder Eric Trump decided Monday was the perfect day to give the internet a peek inside the company's Bitcoin (BTC) mining operation in Texas. In a video posted on X, Trump walked viewers through the facility, emphasizing that it uses "American energy" on "American soil" to mine the world's largest cryptocurrency.

The tour highlighted some impressive hardware: 35,000 servers, all liquid-cooled, humming away to generate digital assets. Trump positioned the facility as "living proof" that cryptocurrency isn't as intangible as people think—a counterargument to the common criticism that crypto exists only in the ether.

"Every single day we mine about 2% of the world's bitcoin supply," Trump stated during the tour. "We safeguard it every single day."

Wait, Two Percent of What Now?

That 2% claim caught some attention, and not necessarily the good kind. Users on X quickly pointed out the math didn't quite add up. If American Bitcoin were truly mining 2% of the world's entire Bitcoin supply daily, well, that would be physically impossible and economically terrifying.

The more likely explanation? Trump meant 2% of the daily mined supply. With roughly 450 BTC mined each day across the entire network, 2% would work out to about 9 BTC daily. That's still a meaningful operation, just not quite the market-dominating force the original statement suggested.

What American Bitcoin Actually Does

American Bitcoin operates as a hybrid Bitcoin miner and treasury company, and it's majority-owned by Hut 8 Corp. (HUT). Unlike pure treasury companies that simply buy and hold Bitcoin, American Bitcoin generates new coins through its mining operations while also building a strategic reserve.

According to Bitcointreasuries.net, the company currently holds 4,004 BTC, valued at approximately $352 million. That puts it in the conversation with other corporate Bitcoin holders, though it takes a different approach by actively mining rather than just buying on the open market.

The facility tour comes on the heels of Trump's increasingly bullish Bitcoin commentary. Last week, he encouraged investors to buy during the current market dip and doubled down on his $1 million price prediction for the cryptocurrency.

Market Response

At the time of reporting, Bitcoin (BTC) was trading at $88,195.21, up 0.84% over the previous 24 hours.

American Bitcoin shares responded positively to the facility showcase, closing 2.95% higher at $4.519 in after-hours trading. The stock had closed Monday's regular session down 0.90% at $4.390.

The company's stock has shown unfavorable price trends across short, medium, and long-term timeframes. For context, investors might want to compare its performance against other Bitcoin mining operations like MARA Holdings Inc. (MARA) to get a sense of where it stands in the competitive landscape.

Back to News

Eric Trump Shows Off Bitcoin Mining Operation, Claims Crypto Is More Tangible Than You Think

MarketDash Editorial Team
13 days ago
Eric Trump took viewers on a virtual tour of American Bitcoin Corp.'s Texas mining facility, showcasing 35,000 liquid-cooled servers and making bold claims about the operation's mining output that left some observers scratching their heads.

A Presidential Son's Mining Tour

American Bitcoin Corp. (ABTC) co-founder Eric Trump decided Monday was the perfect day to give the internet a peek inside the company's Bitcoin (BTC) mining operation in Texas. In a video posted on X, Trump walked viewers through the facility, emphasizing that it uses "American energy" on "American soil" to mine the world's largest cryptocurrency.

The tour highlighted some impressive hardware: 35,000 servers, all liquid-cooled, humming away to generate digital assets. Trump positioned the facility as "living proof" that cryptocurrency isn't as intangible as people think—a counterargument to the common criticism that crypto exists only in the ether.

"Every single day we mine about 2% of the world's bitcoin supply," Trump stated during the tour. "We safeguard it every single day."

Wait, Two Percent of What Now?

That 2% claim caught some attention, and not necessarily the good kind. Users on X quickly pointed out the math didn't quite add up. If American Bitcoin were truly mining 2% of the world's entire Bitcoin supply daily, well, that would be physically impossible and economically terrifying.

The more likely explanation? Trump meant 2% of the daily mined supply. With roughly 450 BTC mined each day across the entire network, 2% would work out to about 9 BTC daily. That's still a meaningful operation, just not quite the market-dominating force the original statement suggested.

What American Bitcoin Actually Does

American Bitcoin operates as a hybrid Bitcoin miner and treasury company, and it's majority-owned by Hut 8 Corp. (HUT). Unlike pure treasury companies that simply buy and hold Bitcoin, American Bitcoin generates new coins through its mining operations while also building a strategic reserve.

According to Bitcointreasuries.net, the company currently holds 4,004 BTC, valued at approximately $352 million. That puts it in the conversation with other corporate Bitcoin holders, though it takes a different approach by actively mining rather than just buying on the open market.

The facility tour comes on the heels of Trump's increasingly bullish Bitcoin commentary. Last week, he encouraged investors to buy during the current market dip and doubled down on his $1 million price prediction for the cryptocurrency.

Market Response

At the time of reporting, Bitcoin (BTC) was trading at $88,195.21, up 0.84% over the previous 24 hours.

American Bitcoin shares responded positively to the facility showcase, closing 2.95% higher at $4.519 in after-hours trading. The stock had closed Monday's regular session down 0.90% at $4.390.

The company's stock has shown unfavorable price trends across short, medium, and long-term timeframes. For context, investors might want to compare its performance against other Bitcoin mining operations like MARA Holdings Inc. (MARA) to get a sense of where it stands in the competitive landscape.